Read the following scenario and answer the questions that follow. While driving to work in Vermont, Susan, a citizen of Vermont, is struck by a truck driven by Will, a citizen of Illinois. Will's employer, Frank's Furniture, a corporation headquartered in Vermont but incorporated in Delaware, owned the truck. Susan sustains serious injuries resulting in $80,000 in medical bills 1. If Susan sues Will and Frank's Furniture for $80,000 in damages resulting from her injuries in federal district court in Montpelier, Vermont, will the court have proper subject matter jurisdiction?
No, because the amount in controversy is only $80,000.
No, because the case lacks a federal question.
Yes, because there is diversity of citizenship federal jurisdiction.
Yes, because the accident occurred in Vermont
No, because there is no diversity of citizenship federal jurisdiction.

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.